Digitalisation boosting health & education sector of Nigeria

The Medsaf is a supply chain solution for a health care company from Nigeria's upmarket Ikoyi of Lagos. The company distribute drugs to hospitals and pharmacies Through a digital platform with Quality Assurance.

The Medsaf is a supply chain solution for a health care company from Nigeria’s upmarket Ikoyi district of Lagos. The company distribute drugs to hospitals and pharmacies Through a digital platform with Quality Assurance.

” We have reached new customers and expanded rapidly,” Vivian Nwakh, the founder of Medsaf, said the company has benefited from the extra market demand during the COVID-19 pandemic.

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He added that Medsaf was only active in 2017 and now expanded to over 15 other Nigerian states in Lagos state.

Vivian Nwakh said in her statement that her company is going to launch its Series funding round in June, which will benefit from a surge in investment in technology companies specialising in health and education.
Nigerian payment companies are playing a significant role. They are the front liner of innovation in Africa with the matching investment level.
Companies that offer services from technology for remote consultation to the digitisation of medical records are attracting investors.
Digitalisation has also helped distance learning and the education sector increase investment over the last two years.

Maxime Bayen, a senior venture builder at consulting firm BFA Global, said that funding both sectors for Nigeria and Africa as a whole increased significantly in 2020-21, especially in the health care sector. He also quoted. According to the database, of the $209mn raised by African health technology companies in 2021, around a fifth went to Nigerian firms, putting the country second only to South Africa.
Maxime Bayen, who also tracks tech investment across that continent, called it a big deal.
The investment was just $6 mn in 2019 and raised by $30 mn in 2020, and now $41 mn invested in Nigerian companies, although it was dwarfed by the $835raised by all Nigerian Companies last year.
Nigeria is doing even better in the education technology sector total of $267 mn raised by education and training companies across Africa in 2021 $229mn invested in Nigeria. Most of this money, $200mn, goes to Andela, a school for software developers. Andela’s engineers have worked for the software development platform GitHub and the entertainment group ViacomCBS.
Chan Zuckerberg Initiative chose Andela an, the charitable organisation set up by Facebook co-founder Mark Zuckerberg and his wife, Priscilla Chan, for its first Private Sector in 2016.

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